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Director at Northpointe Bancshares (NPB) awarded 2,606 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Boer Carrie L reported acquisition or exercise transactions in this Form 4 filing.

Northpointe Bancshares Inc. director Carrie L. Boer received a grant of 2,606 restricted stock units (RSUs). These RSUs were awarded at no cash cost and each unit represents the right to receive one share of Northpointe’s common stock.

The RSUs vest in three approximately equal annual installments on May 13 of 2027, 2028, and 2029. After this grant, Boer directly holds 2,606 RSUs linked to the company’s common stock, reflecting a routine equity-based compensation award rather than an open-market share purchase or sale.

Positive

  • None.

Negative

  • None.

Insights

Director received routine RSU grant vesting over three years.

Northpointe Bancshares Inc. granted director Carrie L. Boer 2,606 restricted stock units as equity compensation. Each RSU corresponds to one share of common stock and was issued at a stated price of $0.00, indicating a standard, non-cash award structure.

The RSUs vest in three roughly equal annual tranches on May 13, 2027, May 13, 2028, and May 13, 2029. This staggered vesting encourages continued board service and aligns the director’s interests with long-term shareholder outcomes, but does not involve any open-market trading.

Following this grant, Boer holds 2,606 RSUs tied to common stock with no remaining derivative positions listed in this filing. As a compensation-related award using code A (grant/award acquisition), it carries limited informational value about the director’s view of the stock price compared with an open-market purchase or sale.

Insider Boer Carrie L
Role null
Type Security Shares Price Value
Grant/Award Restricted stock units 2,606 $0.00 --
Holdings After Transaction: Restricted stock units — 2,606 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units ("RSUs") convert into shares of the issuer's common stock on a one-for-one basis. The RSUs vest in three approximately equal annual installments on each of May 13, 2027, 2028 and 2029.
RSUs granted 2,606 units Restricted stock units granted to director on May 13, 2026
RSU grant price $0.00 per unit Stated transaction price for RSU award
Underlying shares 2,606 shares Common stock underlying the RSUs on a one-for-one basis
RSUs after transaction 2,606 units Total RSUs held directly following the grant
Vesting schedule start May 13, 2027 First of three annual vesting dates for RSUs
Vesting schedule end May 13, 2029 Final vesting date for remaining RSUs
Restricted stock units financial
"Restricted stock units ("RSUs") convert into shares of the issuer's common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"The RSUs vest in three approximately equal annual installments"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
transaction code A regulatory
"transaction_code_description": "Grant, award, or other acquisition"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Boer Carrie L

(Last)(First)(Middle)
3333 DEPOSIT DRIVE NORTHEAST

(Street)
GRAND RAPIDS MICHIGAN 49546

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
NORTHPOINTE BANCSHARES INC [ NPB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted stock units(1)(1)05/13/2026A2,606 (2) (2)Common Stock2,606$02,606D
Explanation of Responses:
1. Restricted stock units ("RSUs") convert into shares of the issuer's common stock on a one-for-one basis.
2. The RSUs vest in three approximately equal annual installments on each of May 13, 2027, 2028 and 2029.
Remarks:
/s/ Kevin J. Comps, Attorney-in-Fact06/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Northpointe Bancshares (NPB) report for Carrie L. Boer?

Northpointe Bancshares reported that director Carrie L. Boer received a grant of 2,606 restricted stock units. These RSUs are equity compensation, not an open-market trade, and each unit represents one share of common stock when it ultimately converts.

How many restricted stock units did the Northpointe Bancshares (NPB) director receive?

Director Carrie L. Boer received 2,606 restricted stock units from Northpointe Bancshares. After this grant, she directly holds 2,606 RSUs, all linked to the company’s common stock on a one-for-one conversion basis according to the filing footnotes.

When do the granted RSUs for Northpointe Bancshares (NPB) director vest?

The RSUs granted to director Carrie L. Boer vest in three approximately equal annual installments. Vesting dates are May 13, 2027, May 13, 2028, and May 13, 2029, spreading the compensation over a three-year period tied to continued service.

Do the Northpointe Bancshares (NPB) RSUs convert into common stock, and at what ratio?

Yes, the restricted stock units convert into Northpointe Bancshares common stock on a one-for-one basis. Each RSU entitles the holder to receive one share of common stock upon settlement, as explicitly stated in the Form 4 footnotes.

Was there any open-market buying or selling of Northpointe Bancshares (NPB) shares in this Form 4?

No, the Form 4 reflects an equity grant coded as a grant or award acquisition, not an open-market trade. The transaction involved 2,606 restricted stock units awarded at a stated price of zero dollars per unit rather than a purchase or sale on the market.

What is the significance of transaction code A in the Northpointe Bancshares (NPB) Form 4?

Transaction code A indicates a grant, award, or other acquisition of a security. For Northpointe Bancshares, it shows director Carrie L. Boer received 2,606 RSUs as compensation, distinguishing this from discretionary buying or selling of shares in the open market.